Even despite the fact that the price is still locked in the consolidation 0.7643 - 0.7720, we should consider short positions as the price fell down strongly on Friday. The move was on large volume
, so that we should deliberate the scenario of the breakdown of the support after which we can open sales. The move should be supported by increased/large volume
, that will be a stronger signal. A stop loss must be placed above the breakdown volume
bar. A potential of the deal is 60-70 points.
The bottom line: short positions after the breakout of the support.